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Industry 4.0 Open Innovation & Acceleration Programme seeks disruptive tech startups around the world

Country of Origin: Spain
Reference Number: TRES20210813001
Publication Date: 16 August 2021

Summary

This Acceleration Programme is a public-private initiative launched by the Basque Government, Spain, together with leading industrial companies. It is targeted at startups with Industry 4.0 solutions applied to the Intelligent industry, clean energy & sustainability, food and health sectors. The selected startups will develop a paid real Industry 4.0 project for one or more of the corporate companies. Research and/or technical cooperation with financial support up to €150,000 is envisaged.

Description

The Open Innovation & Acceleration Programme has just launched its sixth edition open call to search for the most innovative technology startups around the world, with the aim of creating new disruptive projects in the hands of 65 large collaborating corporate companies of international reference. This sixth edition will accept Industry 4.0 solutions with applications in the fields of Intelligent Industry, Clean Energy & Sustainability, Food and Health.

The Acceleration Programme is a public-private initiative launched by the Government of the Basque Country (Spain) in 2016 in collaboration with the main industrial companies in the region acting as Venture Clients. The initiative aims to connect dynamic startup teams with well-established companies, to provide external solutions for their internal digital transformation challenges while promoting the development of commercial skills and encouraging the immersion of startups in the Basque Industry 4.0 Hub, catalysing new business opportunities. The Programme has three Main Objectives: to attract new emerging industrial activity and accelerate digital transformation, to foster the development and implementation of innovation from startups worldwide and to strengthen the Basque entrepreneurial and industrial ecosystem.

For this sixth edition, the Programme counts with the support of a total of 65 companies of international reference based in the Basque Country implementing emerging technologies and driving the Intelligent Industry, Clean Energy & Sustainability, Health and Food sectors. The startups selected for the Open Innovation & Acceleration Programme will develop a paid pilot Industry 4.0 project in real environments for one or more of these leading companies, while getting the unique opportunity to collaborate and grow alongside them. The startup retains all equity and participation is free.

Research and/or technical cooperation with financial support up to €150,000 is envisaged. While the final amount of the project and the conditions of the possible contract to be signed between the venture client company and the startup will be agreed by the parties depending on the scope and complexity of their project, the program establishes an indicative minimum of €25,000 (excluding VAT). The average contract is €45.000. The corporate partner companies are open to discuss the exact type of cooperation with the potential startup partners.

Among other different benefits, selected startups are guided by 40 expert Mentors in business acceleration and new technology market strategies and will participate in networking activities with the Corporate Partner companies and within the Basque Country Industry 4.0 Hub, a highly projected region in Europe. Equally, startups have access to different sources of financing, investment and economic aid, as well as free access to a workspace in the Business Innovation Centres of the Basque Country. Besides, the Programme provides financial aid to foreign startups in order to support their living expenses.

Since the program began in 2016, more than 130 startups have been accelerated and more than 200 innovative projects have been developed, exceeding 6.5 million euros in turnover.

After five years of steady work, the Acceleration Programme has proven to be successful, capable of promoting the digital transformation of the industry and, in turn, accelerating new initiatives through the validation and incorporation of technologies in customer scenarios. Last year, out of the 750 applications submitted, the Partner Companies selected a total of 31 tech startups and developed 40 pilot projects.

The 6th edition was launched on 7th July and is open until 10 September 2021. Interested startups will be guided to the Program and website. Applicants will receive a link to submit their proposal after creating an Expression of Interest.
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Expertise sought

The Programme is addressed to startups from all over the world proposing the use of new Industry 4.0 technologies which can be applied to the Intelligent Industry, Clean Energy & Sustainability, Food and Health sectors. The technologies of interest are: Artificial Intelligence, Internet of Things, Collaborative Robotics, Augmented and Virtual Reality, Vision Systems, Big Data & Advanced Analytics, Cybersecurity, Nanotech, New Materials, Additive Manufacturing, Smart Energy, Clean Tech, Biobased Solutions, Positioning Systems Digital Twins and many more. 

Eligible startups must be legally established, have finished their technological development and be ready to launch their product/service on the market or have recently entered the marketplace. Early stage and “idea phase” projects will not be accepted into the programme.

Requested partner

The Acceleration Program is aimed at startups from all over the world with tech products or services that solve relevant problems in the digital transformation of Intelligent Industry, Clean Energy & Sustainability, Health and Food Industries. 

The 65 industry-leading corporations that are on-board in the 6th edition are looking forward to hire innovative start-ups with groundbreaking technological solutions applied to Industry 4.0 that help them to boost innovation and digital transformation. The selected startups will develop a paid real project for at least one of these well-established companies while getting the unique opportunity to grow alongside them. The partner company will function as a customer as well as a resource for new technologies and networks, which the startup can use to develop its business and commercial tools.

Research and/or technical cooperation with financial support up to €150,000 is envisaged. While the final amount of the project and the conditions of the possible contract to be signed between the venture client company and the startup will be agreed by the parties depending on the scope and complexity of their project, the program establishes an indicative minimum of €25,000 (excluding VAT). The average contract is €45.000. The corporate partner companies are open to discuss the exact type of cooperation with the potential start-up partners.

The 6th edition was launched on 7th July and is open until 10 September 2021. Interested start-ups will be guided to the Program and website. Applicants will receive a link to submit their proposal after creating an Expression of Interest.

Cooperation offer is closed for requests